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Author Topic: Is it a waste of time mentioning Bitcoin to friends and family?  (Read 14658 times)
knowhow
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December 05, 2015, 07:45:47 PM
 #281

To convince someone you must show the exchange rates and some money you had earned with my wife i have done those i had to proof to her that i were making money when i type or invest at some project before it goes scam,but well,if it didnt closed i would be swiming into some 10btc at the momnt.Not a waste financial problems may lead into some way to protect their savings,their income,soo bitcoin is one way to have full power of our money.
AtheistAKASaneBrain
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December 06, 2015, 01:01:14 AM
 #282

You should tell everybody over bITCOIN  BTC BTC BTC Its so ezy and fast to use!
Everywhere!
Cashless Payments!
Cool  Cool

regards
lama-hunter
not easy like that, i want to give you questions, if they do not interesting about your mentions, what do you do ?

It's certainly not an easy task. What happens when they asks you, "how do the coins get generated like? from where do the actual coins come from? how do the coins look like? who created it??".. you get all those questions and you end up looking like a mad scientist or some computer super geek trying to answer. It's not an easy task just like it wasn't easy to explain the internet back when it was something obscure.
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December 06, 2015, 01:05:45 AM
 #283

Its funny mentioning BTC cause when its down all the people who know you're into it just laugh. Until you prove to them you can make money with it.

@CoinBateman | Killer Crypto Instinct
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December 06, 2015, 01:55:47 AM
 #284

Its funny mentioning BTC cause when its down all the people who know you're into it just laugh. Until you prove to them you can make money with it.

Yess it could be one of many good way to explain bitcoin , make them laughing and in a couple days make them surprising.
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December 06, 2015, 02:42:01 AM
 #285

Its funny mentioning BTC cause when its down all the people who know you're into it just laugh. Until you prove to them you can make money with it.

Yess it could be one of many good way to explain bitcoin , make them laughing and in a couple days make them surprising.

Most still view it as a giant ponzi scam ):
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December 06, 2015, 02:58:36 AM
 #286

Yes there is a time when i tell them about bitcoins they will  just laugh at me and said that I am crazy however when I tell them about Bitcoins with a proof (real cash) they just become shock and started to become curious about it , I guess it is worth mentioning if you included some proofs when you tell them so they will not laugh at you hence they will look at you amazed and brilliant.
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December 06, 2015, 03:13:29 AM
 #287

here is example questions and answers when talking to others

 you: bitcoin is a new currency that works without banks and is super fast at making transactions
them: so i can buy a roll of toilet paper faster than debit card
 you:: yes
them: so i can walk down to 7seven eleven right now and buy toilet roll with bitcoin
 you: no... because you first need to convert it to a debit card at coinbase or xapo
them: oh.. so its bank money!! 7eleven receives from coinbase/xapo. making the transaction at 7eleven the same speed of debit card.. because it is a debit card
 you: yes.
them: ok so bitcoin still needs banks to help everyday people use it..
them: so say i had $10 of bitcoin and i wanted to put it onto the debit card to then buy some toilet roll. how do it do this?
 you: well you log into coinbase website. and swap it they then put $9.98 onto the debit card
them: ok ill ignore the 2cent loss, but im not confident using the internet is it simple to set up and transfer my life savings
 you: well you need to go online and scan your personal documents and wait for them to set up a account with coinbase
them: so i have to trust a website that has no bank branches to visit. and to use it at the shop i need to convert it to a debit card.. like i get from a bank
them: so ok its not useful in shops, and not easy to set up use... so how can i benefit from it apart from what you already said?
 you: well it's good for investing.
them: so if i put my life savings into bitcoin and got some third party company to manage it.. like retirement funds do, what guarantee's are there. what regulations are there
 you: um. none. but its safer to just hold it privately, rather than day trade via third party services.
them: so its like holding gold under the bed waiting for the gold price to rise instead of day trading gold contracts.
 you: yes
them: so the price is based the true value of bitcoins production of the 15million in circulation with a small bit of speculation like 10% based on supply and demand changes.
 you: um no. only about 50,000 of them are traded each day and its based on the average of them being traded where speculation can be upto 400% at times
them: so your telling me i cant use it directly in many shops, its not safe to day trade.. so basically your telling me its more of an volatile asset to hold rather then usable currency
 you: yes
them: so why didnt you just say it was an speculative volatile asset

so guys..
until it can be used to buy every day things. where confirmation times don't delay retailers direct acceptance or needing conversion to fiat to cope with capacity.
until there are secure and trusted services
until getting/converting/holding/using bitcoin is very layman friendly..

.. its not ready for mainstream.

and if you are going to mention it to people dont shout the uptopian dream. dont give the long conversation. just know the person you are talking to and use a real WORKING example that WILL benefit them. no speculating, no over promising, no vague info, no false info.. just tell them one thing that WILL improve their life.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 06, 2015, 06:03:51 AM
 #288

You should tell everybody over bITCOIN  BTC BTC BTC Its so ezy and fast to use!
Everywhere!
Cashless Payments!
Cool  Cool

regards
lama-hunter
not easy like that, i want to give you questions, if they do not interesting about your mentions, what do you do ?

I will show them ! How easilly it works! And everybody will be aware and interested in that moment !  Wink

You will see, try to impress sombody with the BTC and it will be greatfull for You Smiley

regards
lama-hunter
How many people have you told, what all of them are interested and join in bitcoin now? interesting to see
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December 06, 2015, 11:12:48 AM
 #289

here is example questions and answers when talking to others

 you: bitcoin is a new currency that works without banks and is super fast at making transactions
them: so i can buy a roll of toilet paper faster than debit card
 you:: yes
them: so i can walk down to 7seven eleven right now and buy toilet roll with bitcoin
 you: no... because you first need to convert it to a debit card at coinbase or xapo
them: oh.. so its bank money!! 7eleven receives from coinbase/xapo. making the transaction at 7eleven the same speed of debit card.. because it is a debit card
 you: yes.
them: ok so bitcoin still needs banks to help everyday people use it..
them: so say i had $10 of bitcoin and i wanted to put it onto the debit card to then buy some toilet roll. how do it do this?
 you: well you log into coinbase website. and swap it they then put $9.98 onto the debit card
them: ok ill ignore the 2cent loss, but im not confident using the internet is it simple to set up and transfer my life savings
 you: well you need to go online and scan your personal documents and wait for them to set up a account with coinbase
them: so i have to trust a website that has no bank branches to visit. and to use it at the shop i need to convert it to a debit card.. like i get from a bank
them: so ok its not useful in shops, and not easy to set up use... so how can i benefit from it apart from what you already said?
 you: well it's good for investing.
them: so if i put my life savings into bitcoin and got some third party company to manage it.. like retirement funds do, what guarantee's are there. what regulations are there
 you: um. none. but its safer to just hold it privately, rather than day trade via third party services.
them: so its like holding gold under the bed waiting for the gold price to rise instead of day trading gold contracts.
 you: yes
them: so the price is based the true value of bitcoins production of the 15million in circulation with a small bit of speculation like 10% based on supply and demand changes.
 you: um no. only about 50,000 of them are traded each day and its based on the average of them being traded where speculation can be upto 400% at times
them: so your telling me i cant use it directly in many shops, its not safe to day trade.. so basically your telling me its more of an volatile asset to hold rather then usable currency
 you: yes
them: so why didnt you just say it was an speculative volatile asset

so guys..
until it can be used to buy every day things. where confirmation times don't delay retailers direct acceptance or needing conversion to fiat to cope with capacity.
until there are secure and trusted services
until getting/converting/holding/using bitcoin is very layman friendly..

.. its not ready for mainstream.

and if you are going to mention it to people dont shout the uptopian dream. dont give the long conversation. just know the person you are talking to and use a real WORKING example that WILL benefit them. no speculating, no over promising, no vague info, no false info.. just tell them one thing that WILL improve their life.


True true. But maybe preach it from an angle where it is used for online transactions. I mean bitcoin cannot be directly compared to cash in real life. Bitcoin is made for the online world whereas online payment services such as paypal or credit card are real cash adapted for the online world. I feel that usage in the real world is not as important for bitcoin, usage of bitcoin for such services and goods makes more sense. So preach it from an angle that it useful in online payments perhaps?
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December 06, 2015, 12:52:52 PM
 #290

You should tell everybody over bITCOIN  BTC BTC BTC Its so ezy and fast to use!
Everywhere!
Cashless Payments!
Cool  Cool

regards
lama-hunter

Even though how hard you try to introduce the pros, people would still find a con in regards to using bitcoins. Best thing to do is to educate yourself first before trying to educate others about bitcoin so that if in case they have questions, you can easily answer it.

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December 06, 2015, 01:28:19 PM
 #291

Bitcoin can be popular for computer geeks, they always have interest to computer things, like software and so on - so they can be the first BTC newbie  Wink
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December 06, 2015, 01:46:50 PM
 #292

here is example questions and answers when talking to others

 you: bitcoin is a new currency that works without banks and is super fast at making transactions
them: so i can buy a roll of toilet paper faster than debit card
 you:: yes
them: so i can walk down to 7seven eleven right now and buy toilet roll with bitcoin
 you: no... because you first need to convert it to a debit card at coinbase or xapo
them: oh.. so its bank money!! 7eleven receives from coinbase/xapo. making the transaction at 7eleven the same speed of debit card.. because it is a debit card
 you: yes.
them: ok so bitcoin still needs banks to help everyday people use it..
them: so say i had $10 of bitcoin and i wanted to put it onto the debit card to then buy some toilet roll. how do it do this?
 you: well you log into coinbase website. and swap it they then put $9.98 onto the debit card
them: ok ill ignore the 2cent loss, but im not confident using the internet is it simple to set up and transfer my life savings
 you: well you need to go online and scan your personal documents and wait for them to set up a account with coinbase
them: so i have to trust a website that has no bank branches to visit. and to use it at the shop i need to convert it to a debit card.. like i get from a bank
them: so ok its not useful in shops, and not easy to set up use... so how can i benefit from it apart from what you already said?
 you: well it's good for investing.
them: so if i put my life savings into bitcoin and got some third party company to manage it.. like retirement funds do, what guarantee's are there. what regulations are there
 you: um. none. but its safer to just hold it privately, rather than day trade via third party services.
them: so its like holding gold under the bed waiting for the gold price to rise instead of day trading gold contracts.
 you: yes
them: so the price is based the true value of bitcoins production of the 15million in circulation with a small bit of speculation like 10% based on supply and demand changes.
 you: um no. only about 50,000 of them are traded each day and its based on the average of them being traded where speculation can be upto 400% at times
them: so your telling me i cant use it directly in many shops, its not safe to day trade.. so basically your telling me its more of an volatile asset to hold rather then usable currency
 you: yes
them: so why didnt you just say it was an speculative volatile asset

so guys..
until it can be used to buy every day things. where confirmation times don't delay retailers direct acceptance or needing conversion to fiat to cope with capacity.
until there are secure and trusted services
until getting/converting/holding/using bitcoin is very layman friendly..

.. its not ready for mainstream.

and if you are going to mention it to people dont shout the uptopian dream. dont give the long conversation. just know the person you are talking to and use a real WORKING example that WILL benefit them. no speculating, no over promising, no vague info, no false info.. just tell them one thing that WILL improve their life.


True true. But maybe preach it from an angle where it is used for online transactions. I mean bitcoin cannot be directly compared to cash in real life. Bitcoin is made for the online world whereas online payment services such as paypal or credit card are real cash adapted for the online world. I feel that usage in the real world is not as important for bitcoin, usage of bitcoin for such services and goods makes more sense. So preach it from an angle that it useful in online payments perhaps?

You are approaching from the wrong angle. First you have to spike the interest of the person. This is not done by definitions of what exists. Instead tell they can earn a lot of money by using bitcoin. Surely "You can make a lot of bucks" is a more motivational phrase than "Bitcoin is.."

...loteo...
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December 06, 2015, 01:56:55 PM
 #293

I have to say that I tried many times to explain bitcoin to my friends but on the i just gave up, it's useless.
They are either afraid of it, don't care at all, don't listen or they are very skeptic.
So, yes, right now it's really waste of my time and energy to mention bitcoin to friends and family.
When bitcoin finally become mainstream and its price rise again, than I will show them Smiley

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December 06, 2015, 02:24:37 PM
 #294

I've managed to get two of my friends to buy bitcoins. They get it that in the long run they'll benefit from it. However Most people are a bit skeptical about bitcoins. I think the main reason for them to be skeptical is, that they haven't had much contact with bitcoins yet. However time will fix those people. When there's a lot of people speaking about something that is too good to be true. they'll start believing it.


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December 06, 2015, 02:27:45 PM
 #295

I've managed to get two of my friends to buy bitcoins. They get it that in the long run they'll benefit from it. However Most people are a bit skeptical about bitcoins. I think the main reason for them to be skeptical is, that they haven't had much contact with bitcoins yet. However time will fix those people. When there's a lot of people speaking about something that is too good to be true. they'll start believing it.

have you explained them everything about trading or also how the people can benefit from using bitcoin instead of paypal, mastercard and so on? and that it also allows them to use it as a store of value and that they in fact own their money?
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December 06, 2015, 02:59:17 PM
 #296

There is a problem we encounter when talking with people about Bitcoin, it's that currency still need to be converted into fiat in order to use it and make deals in the most famous marketplaces
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December 06, 2015, 03:18:36 PM
 #297

There is a problem we encounter when talking with people about Bitcoin, it's that currency still need to be converted into fiat in order to use it and make deals in the most famous marketplaces

This is indeed one of the main reasons the average person is not willing to get on Bitcoin, they think it's a waste of time if they have to convert to their local currency (and of money since there are fees to do so). Like some pointed, being paid in BTC is a crucial step in everyday type of usage.
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December 06, 2015, 03:40:49 PM
 #298

I will briefly tell you about my experience in encouraging friends and relatives to use Bitcoins. Till now, I might have talked to some 50 people regarding Bitcoins. 5 or 6 took it seriously, and started collecting them. But later, some of them got bored, and dumped their coins and moved on. One or two are sill holding BTCs.
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December 06, 2015, 03:53:32 PM
 #299

Don't know if it's a waste of time or not.  My parents both know about bitcoin but neither of them own any or want to own any, and they knew of it from news reports.  I have mentioned it to some friends, but I don't pester them to buy or otherwise proselytize the benefits of owning bitcoin.  Why would anyone bother doing that?  Most of the time I can't figure out any true advantages to owning myself other than capital gains.

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BC.GAME
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pereira4 (OP)
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December 06, 2015, 05:14:50 PM
 #300

Don't know if it's a waste of time or not.  My parents both know about bitcoin but neither of them own any or want to own any, and they knew of it from news reports.  I have mentioned it to some friends, but I don't pester them to buy or otherwise proselytize the benefits of owning bitcoin.  Why would anyone bother doing that?  Most of the time I can't figure out any true advantages to owning myself other than capital gains.

Yeah the thing is people that would benefit the most from Bitcoin aren't the average joe living in a suburban first world place because most people don't need any changes in how the way money works. But people that are entrepeneurs and want to start receiving payments easy and fast, or people that are overseas sending money, or people in places like Argentina.. but those aren't the people most of us have for friends. I think the importnace of Bitcoin will not be clear to most people in developed world until fiat starts to collapse real bad.
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